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    OFF-MARKET
    Office buildings

    41 Main St, Salamanca, NY 14779-1585

    8,500 SF 0.13 ac lot Built 1900
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US63-1828255
    Property summary
    AI-generated overview

    This landmark commercial building in Salamanca, NY, presents a unique investment opportunity. Located in the riverside business district, this 13,035 square foot, two-story property boasts stunning architecture and historical significance. Originally City Hall, it features magnificent exterior columns and an exquisite brick façade. The first floor offers 4,250 square feet of office space, including fireproof vaults, public restrooms, three mid-century modern conference rooms, a large library-style room, two private offices with river views, and a spacious cubicle area. Original woodwork and Terrazzo floors grace the lobby. The second floor comprises five residential apartments; three are currently tenant-occupied with transferable leases, one is used for storage, and one requires finishing. A full basement with an industrial overhead door provides ample storage. The property sits on a 0.13-acre lot and is zoned commercial. The asking price is $499,000 ($38.28/sq ft). Note: Brady & Swenson Trial Lawyers will be relocating. Sold AS-IS. MLS#B1553226.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING
    Year built 1900
    Total area 8,500 SF
    Lot 0.13 ac (5,488 SF)
    Zoning code 03 - MULTI-FAMILY
    APN 041600 73.079-2-16
    UPID US63-1828255
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • First Baptist Church Church
    • Brady & Swenson, P.C. Law Firm
    • Dior Productions Nightclub Music Venue
    • Brady & Swenson, P.C Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Seneca Nation Of Indiana · 1 yrs held
    Seneca Nation Of Indiana
    since 2024
    Last sale
    $400,000
    1 recorded transaction
    2024
    $400,000
    Zoning & alternative use
    03 - MULTI-FAMILY · Salamanca, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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